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On Thu, 30 Oct 1997 00:18:19 -0500 Patrick Slevin <slevin@xxxxxxxxxxxxx>
writes:
>By the way....Ron can back me up.
>
>Ron....we knew each other when you worked for Gary and Mark and you
>were trading on
>Instinet, DOT and so on, yes?
>
>--PJS
Gee! thanks Pat, Every time I saw the name don green I could not hit the
delete key fast enough. Unless Mr. Green has come up with a way to trade
without having his executions printed on whatever exchange he is trading
I am at a complete loss as to how he was getting his trades done at the
prices he posted. Some quote vendors compress their data feed,
particularly in fast mkt conditions. That is why you very often seem to
get a better fill on a trade. The problem is that your quote vendor is
providing you with misleading information. Unless you have access to
times & sales you will not be able to know exactly what happened. I am
sure most of you know that when you have a problem with an execution at a
brokerage firm you do not rely on what the quote was on your screen
(although most of you try!) at the time you placed your trade, you must
get a times & sales report to back up your claim. This does not preclude
the fact that price improvement is also a common occurrence, however you
will see a print of the trade even if it is reported late. Period, end of
discussion. I never want to hear this guys name again. By the way I agree
with Pat.
Ron McEwan
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